PRIME Coalition is a 501(c)(3) public charity that enables philanthropists to invest charitable capital in extraordinary companies that combat climate change, have a high likelihood of achieving commercial success, and would otherwise have a difficult time raising sufficient financial support.
PRIME has mobilized over $16 million on a deal-by-deal basis to back 7 start-ups since mid-2015, each of which could mitigate 1 gigaton/year of CO2 equivalent emissions when deployed at scale.
PRIME is raising a $20-40MM impact fund to scale this investment activity, with support from an operational grant by the U.S. Department of Energy.
The PRIME Impact Fund will conduct its first close during Summer 2018.